Michael Dell Updates Shareholders on Company Growth and Strategic Priorities

Michael Dell Updates Shareholders on Company Growth and Strategic Priorities

Dell is executing on strategies to simplify information technology and provide customers easier ways to connect with an expanding portfolio of innovative products and services, Michael Dell today told shareholders at the company’s annual meeting.

The company also announced that its board of directors authorized $10 billion in repurchases of common stock. Dell will resume the share repurchase program this week.

“Dell is committed to a long-term share repurchase program as part of an overall capital allocation plan that supports growth and also returns value to shareholders,” said Mr. Dell, chairman and CEO.

Mr. Dell reiterated the company’s intent to simplify IT for customers, in part by boosting innovation in five key areas.

“We are at the dawn of the connected era and Dell has never been better positioned to meet the needs of the billions of people who will join us online in the coming years,” said Mr. Dell. “By establishing clear priorities for growth in consumer, emerging countries, notebooks, small and medium business and the enterprise, we will deliver the products and solutions customers need to simply connect, communicate and collaborate.”

Read the complete Press Release